Log In/Sign Up
Your email has been sent.
5300 Hamilton Ave
Cincinnati, OH 45224
The Hammond North · Multifamily Property For Sale
·
180 Units
INVESTMENT HIGHLIGHTS
- Oversized Units with Balconies | 1BR, 2BR, and 3BR Layouts Averaging 1,600+ SF
- Post-Remediation Condition | White-Boxed and Ready for Renovation
- Strong Rent Upside | Pro Forma Rents Projected at a 30–40% Discount to Downtown High-Rise Product
- Full Amenity Package | Heated Pool, Fitness Center, 24/7 Doorman, Covered Parking, Lounge
- Rare Product Format in a Submarket with No Comparable Institutional Rental Supply
- Strategic Positioning for Multifamily or Senior Independent Living
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present Hammond North, a rare 18-story concrete high-rise condominium building located in Cincinnati’s Mt. Airy neighborhood. Delivered fully vacant, the property represents a unique opportunity to reposition a legacy high-rise asset into modern multifamily or senior housing. Originally built as a high-end condo tower, Hammond North features oversized 1BR, 2BR, and 3BR units with private balconies, elevator service, and a full amenity package that includes a heated pool, fitness center, 24/7 doorman, covered parking, and a community lounge. Following full fire remediation, the asset is now white-boxed and ready for renovation without demolition risk. With no comparable rental product in the immediate submarket, Hammond North draws stronger parallels to institutional-quality high-rise assets in downtown Cincinnati, while offering proximity to stable West Side neighborhoods and drive-time convenience to the urban core. A signalized entry off W. North Bend Road and potential for future development on surplus land further enhance the long-term value proposition. Hammond North presents investors with a rare, large-format repositioning opportunity in a fundamentally supply-constrained market
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 9.87 AC |
| No. Units | 180 | Building Size | 381,193 SF |
| Property Type | Multifamily | No. Stories | 19 |
| Property Subtype | Apartment | Year Built | 1965 |
| Apartment Style | Hi-Rise | Parking Ratio | 0.16/1,000 SF |
| Building Class | C |
| Sale Type | Investment |
| No. Units | 180 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Hi-Rise |
| Building Class | C |
| Lot Size | 9.87 AC |
| Building Size | 381,193 SF |
| No. Stories | 19 |
| Year Built | 1965 |
| Parking Ratio | 0.16/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Fireplace
- Microwave
- Heating
- Tile Floors
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Carpet
- Patio
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Picnic Area
- Pool
- Doorman
- Grill
- Lounge
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 180 | - | - |
1 of 6
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
